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Tax regularization in Morocco: new mechanism for business sectors

The Federation of Trade and Services and the Federation of Forestry have just signed sector-based agreements with the French General Tax Department (DGI), with a view to allowing operators in these sectors to benefit from the cancellation of surcharges, fines and penalties provided for in the French General Tax Code, as well as exemption from tax audits for each of the taxes.

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After signing agreements with operators in various sectors, the General Tax Department in Morocco has just signed new sectoral agreements with the Federation of Trade and Services and the Federation of Forestry, Graphic Arts and Packaging Industries. 

The time has come to catch up for taxpayers who are members and non-members of the Federation of Trade and Services (FCS) and those of the Federation of Forest Industries, Graphic Arts, and Packaging (FIFAGE). The objective is to regularize their tax situation for the fiscal years ending 2016, 2017, and 2018, knowing that only five days remain for operators to update their tax situation.

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The agreement signed by the French Federation of Trade and Services concerns wholesale and retail trade

In this context, the two federations have just signed sector-based agreements with the French General Tax Department (DGI), with a view to allowing operators in these sectors to benefit from the cancellation of surcharges, fines and penalties provided for in the French General Tax Code, as well as exemption from tax audits for each of the taxes and duties for the fiscal years covered by the amended declaration. 

These agreements are in application of the provisions of Finance Act 70-19 for the fiscal year 2020 and the provisions of Amending Finance Act 35.20 of the same year. The agreement signed by the French Federation of Trade and Services concerns wholesale and retail trade, research and consulting companies (excluding regulated professions), and communication, advertising, event and digital agencies. Membership under the terms of this convention remains voluntary and concerns members and non-members of the federation. Companies and professionals wishing to join are required to subscribe to this declaration, based on a model form established by the tax authorities, before December 15th.

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This scheme concerns the IS or professional IR, IR (salary income) and VAT. As for the agreement signed by FIFAGE, members and affiliated associations benefit de facto from it. It has been adapted according to the different sectors of the federation. Signed between the DGI, FIFAGE, the Association of Paper Manufacturers in Morocco (AFPAP), and the Moroccan Grouping of Printing Trades (GMI), this convention concerns paper distributors, manufacturers of packaging paper, cardboard and recovery, consulting equipment, commercial printers, digital and signage, and packaging manufacturers. Mohamed Réda Lahmini, partner accountant of the Fidaroc Grant Thornton firm and member of the FCS office in charge of taxation, was in charge of the implementation of the two conventions. 

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First published in LesEco.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Angelique Moss is a London-based entrepreneur, writer, and traveller. The world of business, finance, and technology, is her preferred cup of tea. She also writes about the developments and discussions on health, art, luxury and media. A top writer for several Medium publications, she has published hundreds of widely read articles on investing, stocks, global markets, cannabis, and technology for multiple platforms. She is also interested in culture, history, and social affairs.